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Union Pacific UNP Business Segments — Operating

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Other financials

Income statement

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Revenue$6.2B+3.2%
Operating income$2.5B+3.7%
Net income$1.7B+4.6%
EPS (diluted)$2.87+6.3%

Balance sheet

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Cash & equivalents$735.0M-47.9%
Total debt$854.0M-97.5%
Total equity$19.4B+21.1%
Total assets$69.6B+1.7%

Cash flow

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Operating cash flow$2.4B+10.4%
CapEx$937.0M+3.4%
Free cash flow$1.5B+15.3%

Valuation

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Market cap$153.21B+1.7%
Enterprise value$153.33B-17.2%
P/E21.2×-1.1×
P/S6.2×0.0×

Profitability

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Operating margin40.2%+0.2pp
Net margin29.2%+1.4pp

Returns & leverage

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Return on equity40.7%-1.8pp
Debt / equity-2.1×
Current ratio0.9×+0.2×

Where this comes from

Reported directly by Union Pacific in its filing.

Tagged under the XBRL concept unp:OperatingExpense.

The official record: Union Pacific’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Union Pacific's business segments — operating?
Union Pacific (UNP) reported business segments — operating of $1.72B in Q1 2026.
How has Union Pacific's business segments — operating changed year-over-year?
Union Pacific's business segments — operating increased by 2.1% year-over-year, from $1.68B to $1.72B.
What is the long-term trend for Union Pacific's business segments — operating?
Over 3 years (2022 to 2025), Union Pacific's business segments — operating has grown at a 3.1% compound annual growth rate (CAGR), from $6.21B to $6.82B.
What does business segments — operating mean?
The direct costs incurred to physically operate the railroad.
How do you interpret business segments — operating?
An increase relative to revenue suggests declining operational efficiency, while a decrease indicates improved cost management.
How does business segments — operating compare across companies?
Comparable to transportation and maintenance expenses reported by other major freight carriers.